Srilanka will face debt crisis never before.
Per day 60-70 Mn dolelrs outflow from country
The stocks some mentioned ate also overvalued.check some analysis and fund intrinsic value.
I don't say all companies cant perform the companies who are into .manufacturing and export will be beneficial. But i can say market overall will not move beyond 5200 level .
There may be ups and downs and manipulations.
Srilanka has to pay 13.2 Bn between 2020-2023 .
Need to control doller. But can't do bothat once. That is pretty sure.
Due to degrading the credit rating srilanka cant issue bonds with these rates .rate will be increased definitely and follows rupee depreciation .
Except these factors I know more secret I can't disclose .
According these I adjust my portfolio still not going to buy I left with AEL from my last portfolio (all sold in december)
Eg-investing in Gems ,investing in some shares commodities-oil
You need to adjust dont believe on books always.you just study and adopt it accordingly .
May be srilankan market is going at 8.8 × times P/E d9esnt mean we go and invest .
After election you can watch Goverment will put PAYE tax again ,increase cooperate tax ,interest tax again
And will sell government economic hubs
I can bet they will sign MCC .
Otherwise no exit path even if temporary .